Gold will more than likely slice through $1,180 sooner rather than later, there's no good news for gold, if it does there may be support around $1100.
-----------------------------------------------------
A move below $1,180 would take the metal to a four year low and would send alarm bells across the gold mining sector, Mr McCarthy said.
"Some of the higher cost producers are under threat and if we do see a breach of that $1,180 level it's going to raise concerns across the sector," he said.
His advice to investors is to stay away from the sector entirely until the dust settles
-----------------------------------------------------
http://news.smh.com.au/breaking-news-business/gold-price-low-and-heading-lower-20140919-3g4bk.html
- Forums
- Commodities
- GOLD
- The gold plunge continues
The gold plunge continues, page-223
- There are more pages in this discussion • 915 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online